Chris Martenson And Marc Faber: The Perils of Money Printing's Unintended Consequences
Marc
Faber does not mince words. He believes the money printing policies of
the Federal Reserve and its sister central banks around the globe have
put the world's currencies on an inexorable, accelerating inflationary
down slope. The dangers of money printing are many in his eyes. But in
particular, he worries about the unintended consequences it subjects
the populace to. Beyond currency devaluation, it creates malinvestment
that leads to asset bubbles that wreak havoc when they burst. And even
more nefarious, money printing disproportionately punishes the lower
classes, resulting in volatile social and political tensions. It's no
surprise then that he's feeling particularly defensive these days.
While he generally advises those looking to protect their purchasing
power to invest capital in precious metals and the equity markets (the
rationale being inflation should hurt equity prices less than bond prices), he warns that equities appear overbought at this time.A Canadian Journalist Recalls His Banker Days, Or Was The Soul-For-Cash Exchange Worth It
In the aftermath of the "Greg Smith" phenomenon, where now a variety of sources (for now of the terminated kind, but soon likely from those still on the payroll) have stepped up against the Wall Street and D.C. omerta, it is assured that we will see many more such pieces before the coolness factor of public employer humiliation. It is our hope that these lead to an actual improvement in America's criminal corporate culture (such as in "How a Whistleblower Halted JPMorgan Chase's Card Collections"), which is nowhere more prevalent than in the corner offices of Wall Street, long a place where "obfuscation" and "complexity" (recall that it was none other than the Fed telling us that "Liquidity requires symmetric information, which is easiest to achieve when everyone is ignorant") have been synonymous with legalized wealth transfer (after all, we now know that nobody ever read the fine print, and when the chips fell it was all the rating agencies' fault). Alas we are skeptical. But while we wait, here is a slightly lighter piece from the Globae and Mail's Tim Kiladze, who while not exposing anything new, shares with his readers just what the transition from "soulless banker" to a "less demanding, more fulfilling life" entails, and that it does, in the end, pay off. As Tim says - "The latter is a real option: I’m proof of it." Here is his story for all those 'wannabe Greg Smiths' who are on the fence about burning that bridge in perpetuity."You Are Here"
A casual reminder courtesy of Edwards Jones.UP and UP she goes - where she stops nobody knows
I am becoming more and more convinced that the US Monetary Authorities have
engaged in a process which is resulting in the formation of another bubble,
this time once again in the US equity markets. Think back over the last
decade+ and what we have seen occur in the US financial markets beginning
at the height of the stock market bubble that popped in 1999.
From that point on, we have had a real estate market bubble, then a
commodity market bubble, then a bond market bubble and now once again we
are seeing the formation of a stock market bubble. Think back to that first
popping of t... more »
When the Abuse of Insider Information and Control Grows So Large as to Become the Market
Trader Dan on King World News Weekly Metals Wrap
Trader Dan at Trader Dan's Market Views - 49 minutes ago
Please click on the following link to listen in to my regular weekly radio
interview with Eric King on the KWN Weekly Metals Wrap.
*http://tinyurl.com/7z97phv*
Keys To Success
Admin at Jim Rogers Blog - 1 hour ago
Jim Rogers' Keys to Success (taken from the titles and sub headings of each
chapter of the new book, "A Gift To My Children"):
1. Do not let others do your thinking for you
2. Focus on what you like
3. Good habits for life & investing
4. Common sense? not so common
5. Attention to details is what separates success from failure
6. Let the world be a part of your perspective
7. Learn philosophy & learn to think
8. Learn history
9. Learn languages (make sure Mandarin is one of them)
10. Understand your weaknesses & acknowledge your mistakes
11. Recognize change & embrace it
12. Lo... more »
The Hiding of European debt/Hungary will probably do "an Iceland"/
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 1 hour ago
Good
morning Ladies and Gentlemen:
Yesterday we had no bank failures but did have this story where the FDIC
are suing insiders of the failed OMNI National bank of Georgia:
FDIC sues insiders of failed Omni National Bank
By J. Scott Trubey The Atlanta Journal-ConstitutionFederal regulators
filed a civil lawsuit against 10 former insiders of a failed Atlanta
bank on Friday that has been at the
Liquidity Lift All Boats - Even Bonds
Eric De Groot at Eric De Groot - 2 hours ago
A sea of liquidity is lifting all boats. Yes, even bonds are rising. A lot
of traders/investors misinterpret the cycle between inhale and exhale, or
the most recent pause in the trend, as trend inflections. The jump in rates
has the bond bears growling loudly again. Yet, no matter how loud they
growl, they can't change the fact that the invisible hand has and continues
to accumulate the dips...
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content, and more! ]]
Least Path of Resistance Is Up For Stocks
Eric De Groot at Eric De Groot - 3 hours ago
As long as the volume (chart 1) and breadth (chart 2) continue to
positively diverge with price, the path of least resistance will be up for
stocks. Chart 1: NYSE Composite and Volume Chart 2: NYSE Composite and
Breadth A test of the 3/13 gap on shrinking volume will be a bullish setup.
Chart 3: S&P 500 (ETF) Headline: Stocks' correction coming? Not that again
NEW YORK (Reuters) -...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
Strong Setup in Stock Market
Eric De Groot at Eric De Groot - 4 hours ago
While the market may correct after last Tuesday's big gain, it's lingering
positive divergences in volume (chart 1) and breadth (chart 2) suggest
higher prices. Chart 1: NYSE Composite and Volume Chart 2: NYSE Composite
and Breadth A test of the 3/13 gap on lighter volume would be a bullish
setup. Chart 3: S&P 500 and Volume Headline: Stocks' correction coming? Not
that again NEW...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]
How America Avoided Fascism in 1933
No, something far worse – in the eyes of our protectors in government:
He kept a bunch of old cars in his yard.
His yard. Not someone else’s. His – you know, the land he gets to pay endless rent to the government for as a condition of the perpetuation of the fiction that he’s the owner. Except of course, he’s not – and this business about sending him to the clink for a year proves it.
Biel stores old cars on his land, picking parts to earn money. The county commissars will not have it. First came the harassing letters. Then came the harassing fines. Next came the harassing men with guns – who took Biel to jail for “noncompliance.” He was released, but only on condition that he “clean up” his (cough) yard. When he failed to do so, he was sentenced to a year at Hotel Graybar for “violating probation.” A felony. (See here for the full new story.)
“It’s my stuff on my own property,” Biel argued.
Read More @ EricPetersAutos.com
Ted Butler responds to CFTC Commissioner Bart Chilton
from FinancialSense.com:
Jim
is pleased to welcome silver analyst Ted Butler of Butler Research LLC.
Ted is noted for his comprehensive analysis on silver price
manipulation and has been publishing unique precious metals commentaries
on the internet since 1996.
Click Here to Listen to the Interview
by Fred Reed, LewRockwell.com:
I remember being a young Marine recruit at Parris Island, August of 1966, running, running, boots thumping on the grinder, exulting in the sense of power and communion that comes of men acting in unison, shouting, “Luke the Gook comes marching by, stick your bayonet in his eye, lef rye lef rye lef….” Only an idiot goes to PI – Third Battalion, Disneyland, in my case – in August. I was one. It goes with being nineteen.
Under a leaden sun that beat down like a soft rubber truncheon, we unlearned civilization. How to clap a hand over a sentry’s mouth while inserting your Kbar in his kidney; agony, shock and instant blood loss prevent a struggle. We ran in formation shouting Kill! Kill! Kill! We learned that it is better to shoot an enemy in the bowels than the head because trying to keep him alive would strain the enemy’s medical resources, and the man would probably die anyway. Peritonitis is your friend, we learned. The other guy’s peritonitis.
Read More @ LewRockwell.com
I remember being a young Marine recruit at Parris Island, August of 1966, running, running, boots thumping on the grinder, exulting in the sense of power and communion that comes of men acting in unison, shouting, “Luke the Gook comes marching by, stick your bayonet in his eye, lef rye lef rye lef….” Only an idiot goes to PI – Third Battalion, Disneyland, in my case – in August. I was one. It goes with being nineteen.
Under a leaden sun that beat down like a soft rubber truncheon, we unlearned civilization. How to clap a hand over a sentry’s mouth while inserting your Kbar in his kidney; agony, shock and instant blood loss prevent a struggle. We ran in formation shouting Kill! Kill! Kill! We learned that it is better to shoot an enemy in the bowels than the head because trying to keep him alive would strain the enemy’s medical resources, and the man would probably die anyway. Peritonitis is your friend, we learned. The other guy’s peritonitis.
Read More @ LewRockwell.com
by Stephen Lendman:
Money
power in private hands and democracy can’t co-exist. Wall Street crooks
transformed America into an unprecedented money making racket.
Goldman symbolizes master of the universe manipulative fraud. It’s been involved in nearly all financial scandals since the 19th century.
It makes money the old-fashioned way. It steals it through fraud, grand theft, market manipulation, front-running them, scamming investors, bribing political Washington, having its executives in top administration posts, and getting open-ended low or no interest rate bailouts when needed.
It’s business model and culture assure billions of bonus dollars for company officials, complicit traders, and others on the take. It’s a crime family, not a bank. It’s connected to others like it on Wall Street and corrupt politicians.
Read More @ SJLendman.Blogspot.com
Silver industry experts Eric Sprott and David Morgan take on the silver manipulation controversy
from FinancialSense.com:
In
a “virtual” roundtable with Jim Puplava, Eric Sprott of Sprott Asset
Management and David Morgan of Silver-Investor.com each respond to
excerpts from Jim’s earlier interview with CFTC Commissioner Bart
Chilton on silver price manipulation.
Click Here to Listen to the Interview
Money
power in private hands and democracy can’t co-exist. Wall Street crooks
transformed America into an unprecedented money making racket.Goldman symbolizes master of the universe manipulative fraud. It’s been involved in nearly all financial scandals since the 19th century.
It makes money the old-fashioned way. It steals it through fraud, grand theft, market manipulation, front-running them, scamming investors, bribing political Washington, having its executives in top administration posts, and getting open-ended low or no interest rate bailouts when needed.
It’s business model and culture assure billions of bonus dollars for company officials, complicit traders, and others on the take. It’s a crime family, not a bank. It’s connected to others like it on Wall Street and corrupt politicians.
Read More @ SJLendman.Blogspot.com
Silver industry experts Eric Sprott and David Morgan take on the silver manipulation controversy
from FinancialSense.com:
In
a “virtual” roundtable with Jim Puplava, Eric Sprott of Sprott Asset
Management and David Morgan of Silver-Investor.com each respond to
excerpts from Jim’s earlier interview with CFTC Commissioner Bart
Chilton on silver price manipulation.Click Here to Listen to the Interview
from MilesFranklin.com:
It’s
late March, and I can hardly believe three months have passed since the
last Miles Franklin Report — much less the nearly five months since I
joined as Marketing Director.
In that report, I listed my credentials in Precious Metals and the financial markets — as well as some personal information — to give you an idea how I got here and why I am qualified to guide you down the treacherous path of the global monetary system.
If that information wasn’t enough, I publish FREE missives five days a week about the markets and the world in general, called “Rants,” accessible at blog.milesfranklin.com. At Miles Franklin’s Blog site you can sign up to receive my daily newsletters via email, as well as the Daily Gold & Silver Summary from Miles Franklin’s founder, David Schectman.
Read More @ MilesFranklin.com (PDF)
It’s
late March, and I can hardly believe three months have passed since the
last Miles Franklin Report — much less the nearly five months since I
joined as Marketing Director.In that report, I listed my credentials in Precious Metals and the financial markets — as well as some personal information — to give you an idea how I got here and why I am qualified to guide you down the treacherous path of the global monetary system.
If that information wasn’t enough, I publish FREE missives five days a week about the markets and the world in general, called “Rants,” accessible at blog.milesfranklin.com. At Miles Franklin’s Blog site you can sign up to receive my daily newsletters via email, as well as the Daily Gold & Silver Summary from Miles Franklin’s founder, David Schectman.
Read More @ MilesFranklin.com (PDF)
from GoldSilver.com:
Arguably
the most powerful tool in the Fed’s shed is the management of
communication. “Fed speak,” or the manipulation of market expectations
is critical. A business or individual modifies today’s activity based on
the expectations of tomorrow.
The Fed wants to temper the message of an improving economy to trim energy, commodity and gold prices, opening the door for more printing as those assets can then jump off of a, hopefully, lower starting level.
The message of a slow improvement is also important as to not provide undue impact on sky-high bond prices or stock prices. The truth is, he must confuse. It is his duty of balance. We discuss this more here.
Read More @ GoldSilver.com
Arguably
the most powerful tool in the Fed’s shed is the management of
communication. “Fed speak,” or the manipulation of market expectations
is critical. A business or individual modifies today’s activity based on
the expectations of tomorrow. The Fed wants to temper the message of an improving economy to trim energy, commodity and gold prices, opening the door for more printing as those assets can then jump off of a, hopefully, lower starting level.
The message of a slow improvement is also important as to not provide undue impact on sky-high bond prices or stock prices. The truth is, he must confuse. It is his duty of balance. We discuss this more here.
Read More @ GoldSilver.com
by John Mauldin, GoldSeek.com:
“Six
years into our global data collection effort, we may have already found
the single most searing, clarifying, helpful, world-altering fact.
“What the whole world wants is a good job.
“This is one of the most important discoveries Gallup has ever made. At the very least, it needs to be considered in every policy, every law, every social initiative. All leaders – policy makers and lawmakers, presidents and prime ministers, parents, judges, priests, pastors, imams, teachers, managers and CEOs – need to consider it every day in everything they do.
“That is as simple and as straightforward an explanation of the data as I can give. Whether you and I were walking down the street in Khartoum, Cairo, Berlin, Lima, Los Angeles, Baghdad, or Istanbul, we would discover that the single most dominant thought on most people’s minds is about having a job.
Read More @ GoldSeek.com
“Six
years into our global data collection effort, we may have already found
the single most searing, clarifying, helpful, world-altering fact.“What the whole world wants is a good job.
“This is one of the most important discoveries Gallup has ever made. At the very least, it needs to be considered in every policy, every law, every social initiative. All leaders – policy makers and lawmakers, presidents and prime ministers, parents, judges, priests, pastors, imams, teachers, managers and CEOs – need to consider it every day in everything they do.
“That is as simple and as straightforward an explanation of the data as I can give. Whether you and I were walking down the street in Khartoum, Cairo, Berlin, Lima, Los Angeles, Baghdad, or Istanbul, we would discover that the single most dominant thought on most people’s minds is about having a job.
Read More @ GoldSeek.com
by Jeffrey Tucker, Whiskey and Gun Powder:
Remember
that battle over SOPA, in which the world’s largest websites beat back a
congressional threat that would have changed the Internet forever? It
was pretty obvious within a day after this Pyrrhic victory that the
existing laws in place were enough to give the government the power to
wreck the digital world. But how would it happen? How would government
end digital freedom?
Well, the excuse is obvious. It is “intellectual property.” This phrase serves the same purpose for would-be censors that “terrorism” does for warmongers. It is a way to ramp up government control while kicking sand in the faces of those who would oppose such control. Are you for terrorism? Are you for theft?
It’s rather easy to detect normal theft. One day, I have a planter on my porch. The next day, the planter is on your porch, and it got there without my permission. Or one day, I’m driving my car. The next day, you are driving my car because you took it from me in the night. This is the way normal theft occurs. You can tell when it has happened. And the means of redress are obvious.
Read More @ WhiskeyAndGunPowder.com
Remember
that battle over SOPA, in which the world’s largest websites beat back a
congressional threat that would have changed the Internet forever? It
was pretty obvious within a day after this Pyrrhic victory that the
existing laws in place were enough to give the government the power to
wreck the digital world. But how would it happen? How would government
end digital freedom?Well, the excuse is obvious. It is “intellectual property.” This phrase serves the same purpose for would-be censors that “terrorism” does for warmongers. It is a way to ramp up government control while kicking sand in the faces of those who would oppose such control. Are you for terrorism? Are you for theft?
It’s rather easy to detect normal theft. One day, I have a planter on my porch. The next day, the planter is on your porch, and it got there without my permission. Or one day, I’m driving my car. The next day, you are driving my car because you took it from me in the night. This is the way normal theft occurs. You can tell when it has happened. And the means of redress are obvious.
Read More @ WhiskeyAndGunPowder.com
from Metallwoche.de:
Today
we publish a highly recommended Interview with Ben Davies, Fundmanager
and CEO of Hinde Capital in London. This interview really chronicles
actual history. Ben Davies shares his views with us about the actual
events in the financial system in a very impressive way and why physical
gold is a must have in everybodys portfolio. You will not only listen
to the views and opinions as a fundsmanager. Ben is kind enough to let
us be part of his personal and private settings as well. For us at
Metallwoche this makes this podcast unique.
Read More (and Listen to the Interview) @ Metallwoche.de
Today
we publish a highly recommended Interview with Ben Davies, Fundmanager
and CEO of Hinde Capital in London. This interview really chronicles
actual history. Ben Davies shares his views with us about the actual
events in the financial system in a very impressive way and why physical
gold is a must have in everybodys portfolio. You will not only listen
to the views and opinions as a fundsmanager. Ben is kind enough to let
us be part of his personal and private settings as well. For us at
Metallwoche this makes this podcast unique.Read More (and Listen to the Interview) @ Metallwoche.de
by Gary North, LewRockwell.com:
Four words: “Follow the rules exactly.”
That’s it? That’s it.
Any system? Any system.
There are reasons for this. These reasons are universal.
First, every institution assumes voluntary compliance in at least 95% of all cases. This may be a low-ball estimate. Most people comply, either out of fear or lack of concern or strong belief in the system and its goals.
Second, every institution has more rules than it can follow, let alone enforce. Some of these rules are self-contradictory. The more rules, the larger the number of contradictions. (There is probably a statistical pattern here – some variant of Parkinson’s law.)
Read More @ LewRockwell.com
Four words: “Follow the rules exactly.”That’s it? That’s it.
Any system? Any system.
There are reasons for this. These reasons are universal.
First, every institution assumes voluntary compliance in at least 95% of all cases. This may be a low-ball estimate. Most people comply, either out of fear or lack of concern or strong belief in the system and its goals.
Second, every institution has more rules than it can follow, let alone enforce. Some of these rules are self-contradictory. The more rules, the larger the number of contradictions. (There is probably a statistical pattern here – some variant of Parkinson’s law.)
Read More @ LewRockwell.com
by Bob Chapman, GlobalResearch.ca:
A
report by the London-based Lombard Street Research, which says the
Netherlands is badly handicapped by euro membership, and as a result the
Dutch Freedom Party has called for a return to the Guilder. Leader
Geert Wilders has become the first political movement in the euro zone
with a large popular base to opt for withdrawal from the single
currency. The Freedom Party is a conservative populist party. We do not
read Dutch, but the very fact that this information was only picked up
by a few sources outside of the Netherlands shows you what managed news
is all about.
Needless to say, the Hague disagrees with the report, which puts the cost for subsidizing and bailing out of the six nations in trouble at $3.2 trillion. We set the costs months ago at $4 to $6 trillion. Mr. Wilders’ answer is if they disagree with the report, why don’t they have the guts to hold a referendum? Let the Dutch people decide.
Read More @ GlobalResearch.ca
A
report by the London-based Lombard Street Research, which says the
Netherlands is badly handicapped by euro membership, and as a result the
Dutch Freedom Party has called for a return to the Guilder. Leader
Geert Wilders has become the first political movement in the euro zone
with a large popular base to opt for withdrawal from the single
currency. The Freedom Party is a conservative populist party. We do not
read Dutch, but the very fact that this information was only picked up
by a few sources outside of the Netherlands shows you what managed news
is all about.Needless to say, the Hague disagrees with the report, which puts the cost for subsidizing and bailing out of the six nations in trouble at $3.2 trillion. We set the costs months ago at $4 to $6 trillion. Mr. Wilders’ answer is if they disagree with the report, why don’t they have the guts to hold a referendum? Let the Dutch people decide.
Read More @ GlobalResearch.ca
from End of The American Dream:
Most
people have no idea that the United Nations has been drafting an
environmental constitution for the world that is intended to supersede
all existing national laws. This document has a working title of “Draft
International Covenant on Environment and Development” and you can read
the entire thing right here.
Work on this proposed world environmental constitution has been going
on since 1995, and the fourth edition was issued to UN member states on
September 22nd, 2010. This document is intended to become a permanent
binding treaty and it would establish an incredibly repressive system of
global governance. This “covenant”, as it is being called, claims
authority over the entire global environment and everything that affects
it. Considering the fact that everything that we do affects the
environment in some way, that would mean that this document would become
the highest form of law for all human activity. This proposed UN
environmental constitution for the world is incredibly detailed. The
U.S. Constitution only has 7 articles, but the UN document has 79
articles. If the U.S. eventually ratifies this treaty, any national,
state or local laws that conflict with this covenant will be null and
void. This is potentially one of the greatest threats to our national
sovereignty that we have ever seen and we need to warn the American
people about it.
Read More @ EndOfTheAmericanDream.com
Please consider making a small donation, to help cover some of the labor and costs to run this blog.
Most
people have no idea that the United Nations has been drafting an
environmental constitution for the world that is intended to supersede
all existing national laws. This document has a working title of “Draft
International Covenant on Environment and Development” and you can read
the entire thing right here.
Work on this proposed world environmental constitution has been going
on since 1995, and the fourth edition was issued to UN member states on
September 22nd, 2010. This document is intended to become a permanent
binding treaty and it would establish an incredibly repressive system of
global governance. This “covenant”, as it is being called, claims
authority over the entire global environment and everything that affects
it. Considering the fact that everything that we do affects the
environment in some way, that would mean that this document would become
the highest form of law for all human activity. This proposed UN
environmental constitution for the world is incredibly detailed. The
U.S. Constitution only has 7 articles, but the UN document has 79
articles. If the U.S. eventually ratifies this treaty, any national,
state or local laws that conflict with this covenant will be null and
void. This is potentially one of the greatest threats to our national
sovereignty that we have ever seen and we need to warn the American
people about it.Read More @ EndOfTheAmericanDream.com
Please consider making a small donation, to help cover some of the labor and costs to run this blog.
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